Jumper to Spin Out as Independent Firm, Plans JUMP Token Sale via Legion
The onchain swap and bridging app says it will sell a JUMP token through Legion as it becomes an independent company, citing $40B in lifetime volume.
Jumper, a consumer app for moving and trading crypto assets across blockchains, said it plans to spin out as an independent company and hold its first sale of a JUMP token through Legion, a platform that crypto projects use to raise funds from users.
The company said it has processed more than $40 billion in lifetime volume and serves over 100,000 monthly active users. Terms of the token sale — including how much is being raised, the token price and the schedule — were not disclosed in the announcement.
What was and wasn't disclosed
- The sale will run through Legion, a fundraising platform used by crypto projects to accept commitments from users.
- Jumper said the token sale is its first, alongside a move to operate as a standalone company.
- The announcement included volume and user figures but no offering size, valuation, vesting or timing details.
Jumper has positioned itself as a consumer-facing venue for cross-chain swaps and asset movement, and said the spinout is intended to support a broader onchain finance product. Token sales have returned as a fundraising route for crypto projects, typically run through platforms that let participants commit funds in exchange for tokens, often with lockups or vesting attached; terms and structures vary widely between offerings.